Sudan, South Sudan finalize new financial, technical arrangements for oil cooperation ...Sudan

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Sudan, South Sudan finalize new financial, technical arrangements for oil cooperation
February 24, 2023 (KHARTOUM) — Sudan and South Sudan this week signed a number of financial and technical arrangements dealing with oil cooperation between the two countries. In 2013, South Sudan agreed under the terms of the 2012 deal to pay Sudan $9.10 per barrel for oil in addition to a fee of $15 per barrel in fulfilment of a $3.028 billion package called transitional financial arrangements (TFA). The TFA deal, which aimed to help Sudan after the loss of oil revenue as a result of South Sudan secession, was extended in December 2019 until March 2022. On February 24, the two days signed an agreement on the technical arrangements related to transporting, processing and exporting the South

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